In an article on the Green Central Banking website, Moriah Costa writes about latest developments in China to update its green taxonomy, which comes into effect in October. The catalogue defines which economic activities and investments qualify as green or environmentally sustainable across a wide variety of industries. China updates green taxonomy to increase … Continue reading China has updated its green taxonomy as part of the country’s efforts to strengthen its net-zero transition ambitions
Category: taxonomy
Energy in Demand News, July 27-28, 2025
It is summer time in Europe but the news has not slowed down. The post below on the IEA is disturbing and we can all hope that the US remains a member of the IEA in order to make a valuable contribution to our sustainable energy future. There is a good report from SciencesPo on … Continue reading Energy in Demand News, July 27-28, 2025
Commission proposes to cut red tape and simplify business environment
The European Commission has adopted new proposals that will cut red tape and simplify EU rules for citizens and business. The new package of legislative proposals published February 26th hopes to give European companies a competitive edge. Bárbara Machado and Magnus Lund Nielsen discuss the new proposals in an article on the Euractiv website. … Continue reading Commission proposes to cut red tape and simplify business environment
Energy in Demand News, September 1, 2024
EU taxonomy is a classification system that is a cornerstone of the EU’s sustainable finance framework. It defines the criteria for economic activities that are aligned with a net zero trajectory by 2050 and the broader environmental goals beyond climate. The taxonomy regulation entered into force on July 12th 2020. Its classification of what constitutes “green” … Continue reading Energy in Demand News, September 1, 2024
A dozen environmental NGOs on Monday launched a legal challenge to the EU’s decision to label gas and nuclear investments as green
It was definitely controversial for gas and nuclear to be considered green in the EU’s new taxonomy regulation. A dozen European NGOs are concerned enough that they have launched a legal challenge. Alice Tidey discusses the challenge in an article on the Euronews website. Taxonomy: 12 NGOs launch legal challenge against EU's bid to … Continue reading A dozen environmental NGOs on Monday launched a legal challenge to the EU’s decision to label gas and nuclear investments as green
We have a lot of work cut out for us to get the energy efficiency improvements we need
Minimum energy performance standards for buildings coupled with generous tax rebates for renovations – 110% in Italy – could unlock the energy service company market in Europe. Sonja van Renssen discusses the main issues with Jessica Stromback in an article on the Energy Monitor website. Expect a “seismic shift” on energy efficiency – Jessica … Continue reading We have a lot of work cut out for us to get the energy efficiency improvements we need
European Climate Foundation explains the bewildering different approaches to taxonomies
ECF Strategic Communications Manager/Sustainable Finance, Alba Málaga Homs, provides a helpful communication to sort through national approaches to what counts as green finance. While the European Union considers adopting a sustainable finance taxonomy that classifies fossil gas as a green investment, Russia and China have stepped forward and recently adopted more ambitious initiatives that exclude all … Continue reading European Climate Foundation explains the bewildering different approaches to taxonomies
Industry and Europe’s “Fit for 55” package
In July the European Commission adopted a package of proposals – called the Fit for 55 package – to make the EU’s climate, energy, land use, transport and taxation policies fit for reducing net GHG emissions by at least 55% by 2030, compared to 1990 levels. As the Commission states, achieving these emission reductions in … Continue reading Industry and Europe’s “Fit for 55” package
Where does nuclear power belong in our concerns over sustainability?
Lobbying by pro-nuclear stakeholders and a new report that concludes “the fuel qualifies as sustainable” under green investments has led to Greenpeace Europe warning the European Commission against reinstating nuclear power on the list of activities deemed sustainable by the European Union. Kevin O’Sullivan discusses latest developments in an article on the Irish Times website. … Continue reading Where does nuclear power belong in our concerns over sustainability?
EU green finance getting more serious
Kate Abnett and Simon Jessop write on the Reuter’s website that new taxonomy rules will be tighter for buildings but much less so for the shipping industry. No doubt you will be reading more about latest developments in taxonomy. On November 20th, the Commission launched a stakeholder feedback period on the draft Commission Delegated Regulation supplementing … Continue reading EU green finance getting more serious
Energy in Demand - Sustainable Energy - Rod Janssen 